Petrel Resources Plc (LON:PET – Get Free Report) was up 17.5% during trading on Thursday . The company traded as high as GBX 1.58 ($0.02) and last traded at GBX 1.41 ($0.02). Approximately 838,985 shares traded hands during mid-day trading, an increase of 272% from the average daily volume of 225,409 shares. The stock had previously closed at GBX 1.20 ($0.02).
Petrel Resources Price Performance
The business has a 50 day moving average of GBX 1.21 and a 200 day moving average of GBX 0.97. The firm has a market capitalization of £3.09 million, a price-to-earnings ratio of -6.46 and a beta of 0.57.
About Petrel Resources
Petrel Resources Plc, together with its subsidiaries, operates as an oil and gas exploration company. The company holds a 100% interest in the Frontier exploration license 3/14 located in Ireland. It also holds a 30% working interest in the Tano 2A Block covering an area of 1,532 square kilometers in Ghana; and holds interest in the Western Desert Block 6 located in Iraq.
Recommended Stories
- Five stocks we like better than Petrel Resources
- Stock Splits, Do They Really Impact Investors?
- Gilead Sciences: 4 Reasons This Stock Has Much More To Rise
- How to Invest in Blue Chip Stocks
- MarketBeat Week in Review – 02/17 – 02/21
- What is the Euro STOXX 50 Index?
- SolarEdge: A Surprising Bright Spot in a Troubled Solar Industry?
Receive News & Ratings for Petrel Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrel Resources and related companies with MarketBeat.com's FREE daily email newsletter.
